Products January 5, 2010
Lazard Launches Infrastructure Mutual Fund
Lazard Asset Management LLC has announced the launch of the Lazard
Global Listed Infrastructure Portfolio (GLIFX, GLFOX), available to
both institutional and individual investors.
Reported by Rebecca Moore
The Lazard Global Listed Infrastructure Portfolio is an actively managed portfolio of infrastructure companies with a minimum market capitalization of $250 million. According to an announcement, the portfolio uses a “preferred infrastructure” approach that focuses primarily on equity securities of companies that own infrastructure assets that exhibit certain desirable characteristics including longevity of the issuer, lower risk of capital loss, and revenues linked to inflation.
The portfolio also generally seeks to substantially hedge foreign currency exposure back to the U.S. dollar.
Lazard’s Global Listed Infrastructure platform currently manages $1.98 billion in institutional mandates.
More information is available at www.lazard.com.
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